Monitored by Woofun AI, SPCX trading activity on Hyperliquid reached $9.32 billion in 24-hour volume, coinciding with a 5.08% price retreat to $155 over the past 12 hours. This market movement follows recent developments regarding SpaceX's AI positioning and an $89 billion bond subscription, which have influenced sentiment despite the downward price action.

On-chain data reveals that while some traders took profits, new whale entries saw short interest decrease to $42.24 million, overshadowing long positions valued at $31.57 million. The average short entry price sits at $169.2, with liquidation levels near $164. A dominant whale address (0xfc27136e42af1732ddc9ce2605ea9bff1b959d9d) maintains an $18.54 million short position entered seven days ago at $167.41, currently realizing $1.47 million in unrealized gains with a liquidation threshold of $208.88.